Are you planning on a buying a used vehicle? If so, you'll have several buying options you can choose from, but you should know the disadvantages and advantages of each before you buy.

Your primary buying options are: From a car dealer, from a private individual, via Ebay, or at an auction. Let's go over each option, and their advantages and disadvantages.

Buying from a car dealer

Advantages: A car dealer will usually have a wide selection of vehicles for you to choose from, and the salesperson will hopefully have the expertise to advise you. Buying from a car dealership can also help you get financing more easily. You may also get a guarantee or warranty on the vehicle from the dealership.

Disadvantages: Many people do not like car salesmen as they can be high pressure, but this can be avoided by choosing a salesman you like. You may pay a higher price for a car from a dealership, when compared to other options.

Buying from a private individual or via Ebay

Advantages: You can get an excellent deal on a used car from a private individual. You may also be able to find less common vehicles, and/or souped up vehicles.

Disadvantages: You really have no guarantee as to what you are getting - if you get a lemon, too bad. It's hard to know whether to trust the individual or not, as it's hard to check out their reputation.

Buying at an auction

Advantages: You may get a very good deal on a car at an auction.

Disadvantages: As with buying from a private individual, it may be difficult to know exactly what condition the vehicle is in. While it may be harder to determine exactly what you're getting, you're less likely to be intentionally tricked than if you are buying from a private individual. After all, the auction company's reputation is at stake.